Lynas warns on debt in low-price environment

The high level of debt on Lynas’s balance sheet continues to be a challenge in the low-price environment, the loss-making rare earths miner said on Thursday. The company raised caution about its ability to meet its financial obligations and stated that it would require either amendments to the terms of its loan facilities or alternative sources of funding. Lynas said it was in negotiations with its lender groups regarding amendments to the terms of its loan facilities.